Jaxx VS Exodus 2020: [Coin Wallet Comparison Guide & Reviews]

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Like there are a lot of cryptocurrencies out there, there are also a lot of cryptocurrency wallets. Hardware or software, desktop or mobile, single-currency or multi-currency, there are a lot to choose from.If you do a little research into the best crypto wallet, Jaxx and Exodus consistently rank among the top. But what’s the difference between them?

Who would come out on top in a Jaxx VS Exodus battle? Read on for a full comparison guide and review of each coin.

Jaxx vs Exodus Comparison Table

JaxxExodus
Jaxx
Exodus
Type: Desktop (Windows, macOS, Linux)Type: Desktop (Windows, macOS, Linux)
Cryptos Listed: 90+Cryptos Listed: 100+
Hardware Wallet Support: NoHardware Wallet Support: Yes
Beginner Friendly Interface: YesBeginner Friendly Interface: Yes
Mobile App: YesMobile App: Yes
Price: FreePrice: Free

Main Difference

The main difference between them is that Exodus supports the Trezor hardware wallet. Jaxx has no support for hardware wallets at the time, though they claim this feature may be added in the future.

Both wallets are very similar in most other aspects.

What is Jaxx?

jaxx vs exodus

 

Jaxx is a multi-currency software wallet created in 2014 by Anthony Diiorio, one of the Ethereum blockchain co-founders.

This review will actually focus on the Jaxx Liberty wallet, which is the newer version that superseded the old Jaxx wallet, although both are still around.

It’s free to download and use and available for all major desktop platforms: macOS, Windows (32- and 64-bit), and Linux (32- and 64-bit). There are also mobile apps for both Android and iOS. It’s also available as a Chrome browser extension.

Features:

  • User-friendly interface: both desktop and mobile apps feature a simple, clean interface that lets users see their balances (both general and for each coin), transaction history, and other relevant information.
  • Multiple currencies supported: Currently, Jaxx supports over 90 cryptocurrencies, from the best-known ones like Bitcoin, Litecoin, and Ether to a good selection of altcoins.
  • Cross-device linking: the Jaxx Liberty wallet is available for all major platforms, both desktop, and mobile. This means you can install the wallet on multiple devices at the same time. Jaxx lets you link all your devices together, meaning you can access your accounts from your computer, tablet, or smartphone.
  • Built-in crypto exchange: Jaxx Liberty uses the Changelly and Shapeshift APIs to power a built-in exchange that lets you buy, sell, and exchange crypto tokens.
  • Built-in block explorer: Jaxx has a built-in block explorer that lets you see transaction information on the blockchain without leaving the app.
  • Built-in news explorer: Jaxx Liberty’s news module delivers daily headline news about cryptocurrencies straight to your wallet.

 

Jaxx Liberty Wallet Fees:

Jaxx is free to download and use, and they charge no transaction fees. Of course, there is a transaction fee every time you send crypto to another wallet.

This fee depends on the specific token you are sending and how high the activity is on the blockchain at that particular time. But this is a network fee, paid to the blockchain and not to Jaxx.

About network fees, when sending crypto to another wallet, Jaxx lets you choose if between “high,” “medium,” or “low” fees. Paying higher fees means your transaction will go through faster, but the other two options are available to you if you don’t mind waiting.

So how does Jaxx make money? They do charge a transaction fee when you make an exchange. In other words, when they use the Changelly or Shapeshift API to trade one token for another one.

Jaxx Security

No review about Jaxx can be complete without addressing the fundamental question, “Is Jaxx Liberty Wallet safe?”. Jaxx Liberty stores your private keys on your device and not on any online servers.

And that’s a good thing because it means only you have control over your keys, even if their website is compromised in any way.

Getting your keys back if your device is damaged is accomplished via a seed phrase (which is kind of like a password) that you should keep safely stored.

On the downside, there is no support for 2FA, which would allow an extra layer of security.

Jaxx Liberty Review

Jaxx Liberty Wallet is frequently ranked as one of the best bitcoin wallet apps out there. And it does tick a lot of the right boxes; it’s a multi-currency wallet, meaning you won’t have to load up your computer or phone with hundreds of apps if you’re going to handle a lot of tokens.

Your private keys are safely stored offline. It has a built-in crypto exchange, news feed, and block explorer, and it syncs across all your different devices.

While it does have a lot going for it, there are two issues related to security. First, the Jaxx Liberty Wallet has no support for 2FA, and having it would add a little extra layer of security that is always welcome.

But the safest way to store your cryptocurrency is, by far, a hardware wallet, especially if you’re handling large amounts. The ability to connect to and sync up with a hardware wallet is another feature that is missing in Jaxx.

Pros & Cons

Jaxx Pros
  • Easy to use interface for beginners
  • Multi-currency wallet
  • Available for most desktop and mobile platforms
  • Cross-device linking
  • Built-in block explorer
  • Built-in exchange
  • Built-in news feed
Jaxx Cons
  • No 2FA
  • No support for hardware wallets

 

What is Exodus?

Jaxx vs Exodus

Like the previous entry in this review, Exodus is also a multi-currency software wallet. It was created in 2015 by JP Richardson and Daniel Castagnoli to provide an easy-to-use cryptocurrency wallet that even novice users could handle with no problems.

Exodus is free to download and use and available on the desktop for Linux, Windows, and macOS and mobile devices running iOS and Android.

Features

  • User-friendly interface: Exodus’ designers wanted to build a simple wallet that even newcomers to the crypto world could use easily. And they certainly succeeded. Although there are other beginner-friendly wallets out there, Exodus comes out on top for its clean, simple UI
  • Multiple currencies supported: At the time of writing, Exodus supports over 100 cryptocurrencies. Top tokens like Bitcoin, Litecoin, Ether, or Ripple are a given, but you can store some interesting altcoins in there too.
  • Built-in crypto exchange: Jaxx Liberty uses the Changelly and Shapeshift APIs to power a built-in exchange that lets you buy, sell, and exchange crypto tokens.
  • Cross-device linking: If you install Exodus on several devices (say, your laptop, smartphone, and tablet), you’ll be able to sync all of them together and access your crypto from any one of them.

 

Exodus fees:

Exodus is free to download and use and, while they do charge a transaction fee when using their built-in exchange, you will have to pay the network fee every time you send crypto to another wallet.

Unlike Jaxx, Exodus won’t let you choose between “high,” “medium,” or “low” network fees, so you can expect to pay high fees if you’re sending crypto at a time when the blockchain is very busy.

Exodus Security

Here we have to, again, ask the basic question, “Is Exodus safe?”. Like Jaxx, Exodus stores your private keys on your device and not on any online servers. Getting your keys back if your device is damaged is accomplished via a seed phrase (which is kind of like a password) that you should keep safely stored.

Also, like Jaxx, there is no support for 2FA, which would allow an extra layer of security. One big plus for Exodus in terms of security is that it can be paired with a Trezor hardware wallet. Hardware wallets offer the highest level of security for storing crypto.

If you’re going to handle large amounts, you should definitely consider buying a hardware wallet. And if you buy a Trezor, then you can easily pair it with Exodus.

Exodus Review

Exodus consistently ranks among the top software cryptocurrency wallets, and there is a good reason for that. Designed with ease of use in mind, it offers one of the cleanest, simplest user interfaces out there.

Cross-device linking and built-in exchange functionality make it good for traders who are on the go or for those using crypto tokens as real-world currencies.

Although it does lack the extra layer of security that 2FA offers, the possibility of using it paired up with a hardware wallet gives it an edge over some of its competitors.

Pros & Cons

Exodus Pros
  • Easy to use interface for beginners
  • Multi-currency wallet
  • Available for most desktop and mobile platforms
  • Cross-device linking
  • Built-in exchange
Exodus Cons
  • No 2FA
  • No built-in block explorer
  • No built-in news feed

Jaxx vs Exodus: Conclusion

Comparing two of the top software, crypto wallets isn’t easy. There’s a reason both Jaxx Liberty and Exodus are consistently ranked among the best. After reading this Jaxx vs Exodus comparison, you can see both wallets have very similar feature sets: they’re multi-currency wallets, available for most major desktop and mobile operating systems, are beginner-friendly, and have built-in exchanges.

Neither supports 2FA. Jaxx offers a built-in block explorer and newsreader. Exodus supports more cryptocurrencies (though not by much) and has the advantage of supporting hardware wallets.

If you’re a beginner, just casually getting into crypto, then you might appreciate Jaxx’s newsreader and block explorer. But if you’re going to handle a lot of cryptos or simply want the extra security that hardware wallets offer, then Exodus has the edge.

After all, if you want to keep up with Exodus wallet news, you can always go to their website or social media.What do you think? Which of these two wallets better suits you? Give your opinions in the comments below.

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